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Standard VIII
Mathematics
Prices / Charges Related to Buying and Selling
Question

A wholesaler sells 20 pens at the marked price of 16 pens to a retailer. The retailer in tum sells them giving a discount of 2% on the marked price. The gain percent to the retailer is
  1. 20%
  2. 25%
  3. 24%
  4. 22.5%

A
24%
B
25%
C
22.5%
D
20%
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Solution
Verified by Toppr

Let the M.P. of 1 pen = Rs. 1.

Then, C.P. of retailer, i.e., C.P. of 20 pens
= M.P. of 16 pens
= Rs. 16
S.P. of 20 pens =98% of Rs. 20= Rs. 19.60
∴ Profit % =(19.6−16)16×100
=3.616×100=22.5%.

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